Smiths Group (LON:SMIN) had its target price lifted by equities researchers at JPMorgan Chase & Co. from GBX 1,300 ($16.00) to GBX 1,500 ($18.46) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 6.23% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Citigroup reaffirmed a “buy” rating on shares of Smiths Group in a research report on Tuesday, April 7th. Goldman Sachs Group increased their price objective on Smiths Group from GBX 1,520 ($18.71) to GBX 1,580 ($19.44) and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada raised Smiths Group to an “outperform” rating and dropped their price objective for the company from GBX 1,690 ($20.80) to GBX 1,300 ($16.00) in a research report on Thursday, March 19th. Liberum Capital reaffirmed a “hold” rating on shares of Smiths Group in a research report on Tuesday. Finally, Barclays reissued an “overweight” rating on shares of Smiths Group in a research report on Monday, May 18th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 1,490.83 ($18.35).
Smiths Group stock opened at GBX 1,412 ($17.38) on Wednesday. The company has a debt-to-equity ratio of 66.83, a current ratio of 2.76 and a quick ratio of 0.92. Smiths Group has a one year low of GBX 790 ($9.72) and a one year high of GBX 2,246.40 ($27.64). The stock has a market capitalization of $5.15 billion and a PE ratio of 22.48. The business’s fifty day moving average is GBX 1,296.07 and its 200 day moving average is GBX 1,420.62.
In other news, insider George Buckley bought 1,029 shares of the company’s stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of GBX 1,215 ($14.95) per share, with a total value of £12,502.35 ($15,385.61).
About Smiths Group
Smiths Group plc operates as a technology company severing the medical technology, security and defense, general industrial, oil and gas, and space and commercial aerospace markets worldwide. The company operates in five divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek.
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